Mid-South business headlines: growth in the CBD industry

Mid-South business headlines: growth in the CBD industry

MEMPHIS, Tenn. (WMC) - We’re taking a look at some of this week’s biggest business headlines impacting the Mid-South, including the growth and opportunities in the CBD industry.

This week WMC Action News 5 learned about business ventures some former FedEx executives are getting into these days.

“The CBD market is projected to reach about $16.8 billion by the year 2025,” John Klyce with the Memphis Business Journal said.

Klyce also said that many CBD investors believe the FDA will put more rigid restrictions on CBD companies soon.

The products include gummies, oils, pet oils, creams, and even energy drinks, according to Klyce.

You can find this story and more online at MemphisBusinessJournal.com.

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